The Central Bank of the UAE (CBUAE) convened the first meeting of the Islamic Finance and the Halal Industry Development Committee, established by a UAE Cabinet Resolution in 2025, and secured approval of the committee’s operational framework, mechanisms for delivering its mandate, and strategic plans for 2025–2026. The committee also reviewed strategic projects intended to strengthen the UAE’s role as a global hub for Islamic finance, the halal industry, and sustainable Islamic philanthropy. As part of the 2025–2026 strategy rollout, the committee approved implementation plans for the strategy’s initiatives and projects and agreed to set up subcommittees to support delivery through coordination with ministries, local authorities and private sector companies. The subcommittees are the Islamic Finance Subcommittee chaired by the CBUAE, the Halal Industry Subcommittee chaired by the Ministry of Industry and Advanced Technology, and the Islamic Philanthropy and Sustainable Finance Subcommittee chaired by the General Authority of Islamic Affairs, Endowments, and Zakat. The subcommittees will provide periodic reports to the committee on progress in implementing the strategy.
Central Bank of the UAE 2025-10-13
Central Bank of the UAE leads inaugural Islamic Finance and Halal Industry Development Committee meeting and approves 2025–2026 implementation plans
The Central Bank of the UAE held the first meeting of the Islamic Finance and Halal Industry Development Committee, approving its operational framework and strategic plans for 2025–2026. The committee aims to enhance the UAE's position as a global hub for Islamic finance and the halal industry, with subcommittees established to coordinate efforts across sectors. These subcommittees will report on progress in implementing the strategy's initiatives and projects.